Caxton Associates LLP Raises Stock Holdings in SM Energy Company $SM

Caxton Associates LLP boosted its position in SM Energy Company (NYSE:SM) by 8.6% during the first quarter, Holdings Channel.com reports. The fund owned 208,662 shares of the energy company’s stock after acquiring an additional 16,611 shares during the period. Caxton Associates LLP’s holdings in SM Energy were worth $6,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SM. NBC Securities Inc. raised its holdings in SM Energy by 160.5% in the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after purchasing an additional 830 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after acquiring an additional 535 shares during the period. Torren Management LLC grew its stake in SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in SM Energy in the third quarter worth $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Trading Up 1.1%

Shares of SM stock opened at $33.56 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 14.10 and a beta of 0.73. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The stock’s 50-day moving average price is $30.21 and its 200-day moving average price is $26.80.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $1.76 earnings per share. SM Energy’s revenue for the quarter was up 75.0% compared to the same quarter last year. Equities research analysts predict that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. SM Energy’s dividend payout ratio is 36.97%.

Insider Activity at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SM shares. KeyCorp boosted their target price on shares of SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Stephens cut their price target on SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Wells Fargo & Company lifted their price objective on SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Mizuho dropped their target price on SM Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Finally, UBS Group initiated coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price target for the company. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average target price of $36.53.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.